Key facts
- Arthur Hayes sold his entire Zcash (ZEC) holdings.
- The sale followed the Zcash Orchard pool exploit.
- ZEC prices have fallen nearly 47% in the past day.
- Hayes declared 'the Holy Trinity is dead'.
Arthur Hayes, co-founder of BitMEX and a prominent voice in the crypto macro space, has sold his entire position in Zcash (ZEC). This decision comes in the wake of the Zcash Orchard pool exploit. Hayes stated that 'the Holy Trinity is dead,' signaling a significant shift in his conviction regarding the asset. The high-profile exit has contributed to a sharp decline in ZEC's price, which has fallen by nearly 47% over the last 24 hours. The selloff appears to be deepening following Hayes' announcement, indicating a broader risk-off sentiment impacting the cryptocurrency.